TrueContext Management

Management criteria checks 3/4

TrueContext's CEO is Alvaro Pombo, appointed in Feb 2023, has a tenure of 1.17 years. total yearly compensation is $350.08K, comprised of 64.6% salary and 35.4% bonuses, including company stock and options. directly owns 3.98% of the company’s shares, worth CA$5.64M. The average tenure of the management team and the board of directors is 2.8 years and 8.5 years respectively.

Key information

Alvaro Pombo

Chief executive officer

US$350.1k

Total compensation

CEO salary percentage	64.6%
CEO tenure	1.2yrs
CEO ownership	4.0%
Management average tenure	2.8yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

TrueContext Corporation's (CVE:TCXT) Shares Climb 31% But Its Business Is Yet to Catch Up

Mar 23

Subdued Growth No Barrier To TrueContext Corporation's (CVE:TCXT) Price

Feb 03

ProntoForms (CVE:PFM) Has Debt But No Earnings; Should You Worry?

Jan 28

Shareholders Will Probably Hold Off On Increasing ProntoForms Corporation's (CVE:PFM) CEO Compensation For The Time Being

Jun 10

CEO Compensation Analysis

How has Alvaro Pombo's remuneration changed compared to TrueContext's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$2m
Sep 30 2023	n/a	n/a	-US$3m
Jun 30 2023	n/a	n/a	-US$4m
Mar 31 2023	n/a	n/a	-US$4m
Dec 31 2022	US$350k	US$226k	-US$4m
Sep 30 2022	n/a	n/a	-US$5m
Jun 30 2022	n/a	n/a	-US$5m
Mar 31 2022	n/a	n/a	-US$5m
Dec 31 2021	US$623k	US$236k	-US$4m
Sep 30 2021	n/a	n/a	-US$4m
Jun 30 2021	n/a	n/a	-US$4m
Mar 31 2021	n/a	n/a	-US$2m
Dec 31 2020	US$462k	US$228k	-US$1m
Sep 30 2020	n/a	n/a	-US$1m
Jun 30 2020	n/a	n/a	-US$1m
Mar 31 2020	n/a	n/a	-US$2m
Dec 31 2019	US$415k	US$213k	-US$2m
Sep 30 2019	n/a	n/a	-US$2m
Jun 30 2019	n/a	n/a	-US$2m
Mar 31 2019	n/a	n/a	-US$2m
Dec 31 2018	US$291k	US$188k	-US$3m
Sep 30 2018	n/a	n/a	-US$3m
Jun 30 2018	n/a	n/a	-US$4m
Mar 31 2018	n/a	n/a	-US$4m
Dec 31 2017	US$366k	US$197k	-US$4m

Compensation vs Market: Alvaro's total compensation ($USD350.08K) is above average for companies of similar size in the Canadian market ($USD175.10K).

Compensation vs Earnings: Alvaro's compensation has been consistent with company performance over the past year.

CEO

Alvaro Pombo

1.2yrs

Tenure

US$350,079

Compensation

Mr. Alvaro Pombo is the Founder of ProntoForms Corporation and serves as its Co-Chief Executive Officer since February 2023 and is its President and was its Chief Executive Officer until February 2023. Mr....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alvaro Pombo	Founder	1.2yrs	US$350.08k	3.98% $ 5.6m
Philip Deck	Co-CEO & Director	1.2yrs	US$17.91k	5.03% $ 7.1m
David Croucher	Chief Financial Officer	14.5yrs	US$231.17k	0.66% $ 933.5k
Glenn Chenier	Chief Product Officer	6.3yrs	US$229.68k	0.66% $ 935.5k
Mansell Nelson	Senior Vice President of Business Development	no data	US$226.94k	0.16% $ 233.2k
Michael Kramer	Chief Revenue Officer	2.8yrs	US$477.37k	no data
Aly Mawani	Vice President of Client Issues & Operations	3.8yrs	no data	0.037% $ 52.6k
Carl Turner	General Counsel	no data	no data	no data
Lise Snelgrove	Vice President of Marketing	1.1yrs	no data	no data
Lisa Scian	Vice President of People & Culture	no data	no data	no data

2.8yrs

Average Tenure

Experienced Management: TCXT's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alvaro Pombo	Founder	13.8yrs	US$350.08k	3.98% $ 5.6m
Philip Deck	Co-CEO & Director	8.5yrs	US$17.91k	5.03% $ 7.1m
Terence Matthews	Independent Director	14.7yrs	US$27.81k	0.12% $ 174.9k
Catherine Sigmar	Director	1.2yrs	no data	no data
D. McDonnell	Chair of the Board	1.2yrs	no data	no data

8.5yrs

Average Tenure

Experienced Board: TCXT's board of directors are considered experienced (8.5 years average tenure).

TrueContext Management

Management criteria checks 3/4

Key information

Recent management updates

Less than half of directors are independent

Less than half of directors are independent

ProntoForms Corporation Announces Board Changes

Founder exercised options to buy CA$231k worth of stock.

Chief Financial Officer exercised options to buy CA$63k worth of stock.

ProntoForms Corporation Approves Board Changes

Recent updates

TrueContext Corporation's (CVE:TCXT) Shares Climb 31% But Its Business Is Yet to Catch Up

Full year 2023 earnings released: US$0.017 loss per share (vs US$0.035 loss in FY 2022)

Battery Ventures entered into an arrangement agreement to acquire TrueContext Corporation (TSXV:TCXT) for approximately CAD 140 million.

Battery Ventures entered into an arrangement agreement to acquire TrueContext Corporation (TSXV:TCXT) for approximately CAD 140 million.

New minor risk - Share price stability

Subdued Growth No Barrier To TrueContext Corporation's (CVE:TCXT) Price

Third quarter 2023 earnings released: US$0.002 loss per share (vs US$0.008 loss in 3Q 2022)

ProntoForms Corporation to Report Q3, 2023 Results on Nov 01, 2023

Second quarter 2023 earnings released: US$0.009 loss per share (vs US$0.01 loss in 2Q 2022)

ProntoForms Corporation to Report Q2, 2023 Results on Jul 26, 2023

Price target increased by 24% to CA$1.05

Less than half of directors are independent

First quarter 2023 earnings released: US$0.009 loss per share (vs US$0.012 loss in 1Q 2022)

ProntoForms Corporation to Report Q1, 2023 Results on May 10, 2023

Price target increased by 24% to CA$1.05

Full year 2022 earnings released: US$0.035 loss per share (vs US$0.035 loss in FY 2021)

Less than half of directors are independent

ProntoForms Corporation Announces Board Changes

Price target decreased to CA$0.85

Price target decreased to CA$0.85

Price target decreased to CA$0.85

Third quarter 2022 earnings released: US$0.008 loss per share (vs US$0.009 loss in 3Q 2021)

ProntoForms Corporation to Report Q3, 2022 Results on Nov 03, 2022

Founder exercised options to buy CA$231k worth of stock.

Chief Financial Officer exercised options to buy CA$63k worth of stock.

Second quarter 2022 earnings released: US$0.01 loss per share (vs US$0.009 loss in 2Q 2021)

ProntoForms Corporation to Report Q2, 2022 Results on Aug 18, 2022

ProntoForms Corporation LaunchesNew Automation Capabilities for Microsoft SharePoint(TM) and is Now Available on Microsoft AppSource(TM)

ProntoForms Corporation Approves Board Changes

First quarter 2022 earnings released: US$0.012 loss per share (vs US$0.009 loss in 1Q 2021)

Price target decreased to CA$1.50

ProntoForms Corporation, Annual General Meeting, Jun 22, 2022

ProntoForms Corporation Expands Laptop and Desktop Capabilities with the Release of Prontoforms for macOS

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

ProntoForms Corporation to Report Q4, 2021 Results on Mar 10, 2022

ProntoForms Corporation Announces Board Changes

ProntoForms (CVE:PFM) Has Debt But No Earnings; Should You Worry?

Founder recently sold CA$56k worth of stock

Insufficient new directors

Third quarter 2021 earnings released: US$0.009 loss per share (vs US$0.005 loss in 3Q 2020)

Founder exercised options and sold CA$193k worth of stock

Second quarter 2021 earnings released: US$0.009 loss per share (vs US$0.002 profit in 2Q 2020)

Shareholders Will Probably Hold Off On Increasing ProntoForms Corporation's (CVE:PFM) CEO Compensation For The Time Being

First quarter 2021 earnings released: US$0.009 loss per share (vs US$0.001 loss in 1Q 2020)

Price target decreased to CA$1.75

Is ProntoForms (CVE:PFM) Using Debt Sensibly?

Full year 2020 earnings released: US$0.013 loss per share (vs US$0.02 loss in FY 2019)

Revenue misses expectations

ProntoForms Corporation to Report Q4, 2020 Results on Mar 11, 2021

ProntoForms Deployed to 400 Field Engineers to Improve Hospital Radiation Asset Uptime and Expand Services

Did You Miss ProntoForms' (CVE:PFM) Whopping 360% Share Price Gain?

ProntoForms Corporation Releases New Enterprise-Grade Multi-User Workflow Capabilities to Streamline Service Execution in the Field

Senior Vice President of Global Sales Michael Cho has left the company

ProntoForms Corporation Announces Change in Sales Leadership

What Is The Ownership Structure Like For ProntoForms Corporation (CVE:PFM)?

Price target raised to CA$2.10

New 90-day high: CA$1.05

A Look At ProntoForms' (CVE:PFM) CEO Remuneration

A Global Medical Device Manufacturing Company Deploys ProntoForms to over 850 Frontline Workers to Improve Field Processes and Quality Control

Have ProntoForms Corporation (CVE:PFM) Insiders Been Selling Their Stock?

Founder recently sold CA$182k worth of stock

Insider exercised options and sold CA$430k worth of stock

Independent Director exercised options to buy CA$152k worth of stock.

Third quarter 2020 earnings released: US$0.005 loss per share

Revenue beats expectations, earnings disappoint

ProntoForms Corporation to Report Q3, 2020 Results on Nov 05, 2020

New 90-day high: CA$0.96

New 90-day high: CA$0.89

New 90-day high: CA$0.85